Spark Energy Inc. (NASDAQ:SPKE) dropped 2.3% during trading on Thursday . The company traded as low as $27.06 and last traded at $27.22, with a volume of 169,829 shares traded. The stock had previously closed at $27.87.

SPKE has been the topic of a number of research analyst reports. FBR & Co initiated coverage on shares of Spark Energy in a report on Tuesday, April 26th. They set an “outperform” rating and a $27.00 price objective on the stock. Janney Montgomery Scott lowered shares of Spark Energy from a “buy” rating to a “neutral” rating and set a $34.00 price objective on the stock. in a report on Friday, June 10th. They noted that the move was a valuation call. Zacks Investment Research lowered shares of Spark Energy from a “buy” rating to a “hold” rating in a report on Wednesday, April 13th. Wunderlich raised their price objective on shares of Spark Energy from $22.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, May 6th. Finally, Robert W. Baird restated a “neutral” rating on shares of Spark Energy in a report on Wednesday, March 30th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $29.20.

The firm has a market cap of $159.05 million and a PE ratio of 15.73. The stock’s 50 day moving average is $32.13 and its 200 day moving average is $26.01.

Spark Energy (NASDAQ:SPKE) last posted its quarterly earnings data on Wednesday, May 4th. The company reported $1.13 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.83 by $0.30. The company had revenue of $110 million for the quarter, compared to analysts’ expectations of $110.44 million. The business’s quarterly revenue was up 10.1% on a year-over-year basis. During the same quarter last year, the business posted $0.80 EPS. Equities research analysts anticipate that Spark Energy Inc. will post $1.97 earnings per share for the current fiscal year.

In other news, Director W Keith Maxwell III sold 96,684 shares of Spark Energy stock in a transaction dated Thursday, June 9th. The shares were sold at an average price of $33.88, for a total value of $3,275,653.92. Following the completion of the transaction, the director now owns 92,850 shares in the company, valued at $3,145,758. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

An institutional investor recently raised its position in Spark Energy stock. Advisors Asset Management Inc. raised its stake in Spark Energy Inc. (NASDAQ:SPKE) by 20.0% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 63,693 shares of the company’s stock after buying an additional 10,600 shares during the period. Advisors Asset Management Inc. owned 2.06% of Spark Energy worth $1,320,000 at the end of the most recent reporting period.

Spark Energy, Inc is an independent retail energy services company. The Company provides residential and commercial customers in United States with an alternative choice for their natural gas and electricity. The Company operates in two segments: Retail Natural Gas Segment and Retail Electricity Segment.

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